28.12.2016 18:46
YEREVAN, December 28. /ARKA/. Converse Bank's statutory capital has been replenished by AMD 2,429,400,000. Currently, the total regulatory capital of the Bank amounts to AMD 31.9 billion, exceeding the minimum regulatory threshold.
As a result of closed placement of the additionally issued shares, HayPost Trust Management B. V. Company purchased 7,693 common shares and became participant in the Bank's statutory capital with 14.06%.
HayPost Trust Management B. V. Company is a company of the group managed by Eduardo Eurnekian. To maintain 5% proportion of participation by Mother See of Holy Etchmiadzin in the Bank's statutory capital, the Church purchased 405 additionally issued shares.
Categories: Banks @en, General news, News, News of the hour | Comments Off on Converse Bank replenishes its total regulatory capital
Tags:
Read more